News
Breaking News: Bank of England Cuts Interest Rates to 4.75%
Breaking News: Bank of England Cuts Interest Rates to 4.75%
In a move that could impact millions, the Bank of England has announced a cut in interest rates to 4.75%, marking the second reduction this year.
This latest decision comes as part of efforts to support economic growth and keep inflation under control.
Budget 2024: Key tax points at a glance
Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010, after the party’s return to power in July’s general election.
Bank of England Makes First Interest Rate Cut in 4 Years Amid Inflation Concerns and Economic Uncertainty
The Bank of England Lowers Interest Rates to 5% as Inflation Pressures Persist and Economic Growth Faces Uncertainty.
Bank of England 'optimistic' as it edges closer to summer rate cut
Andrew Bailey said he was "optimistic that things are moving in the right direction" as rates were held at 5.25%.
National Minimum Wage from 1st April 2024
The National Minimum Wage (NMW) and the National Living Wage (NLW) are integral components of the UK's labor market regulations, established to uphold principles of fairness and economic security for workers.
Spring Budget 2024 | Company Taxes
Our overview of he Spring Budget 2024 in relation to company taxes.
Spring Budget 2024 | Higher Child Benefit Tax
Our overview of he Spring Budget 2024 in relation to child benefit tax
Spring Budget 2024 | Personal Tax and National Insurance
Our overview of he Spring Budget 2024 in relation to personal tax and national insurance.
HMRC PAYE Downtime | October
On Monday 2 October 2023 the National Minimum Wage will rise to two-thirds of average earnings.
Bank of England | Interest rates finally stall after 14 increases
The Bank of England has finally paused its aggressive interest rate hikes.
Chancellor announces major increase to National Living Wage
On Monday 2 October 2023 the National Minimum Wage will rise to two-thirds of average earnings.
Bank of England | Interest rates to a 15-year high of 5.25%
Bank of England | Interest rates to 15-year high of 5.25%
Bank of England | Interest rates to 15-year high of 5.25%
Interest rates have risen to a 15-year high of 5.25%, with the Bank of England carrying out a hike of 0.25 percentage points.
Are you conducting your right to work checks when employing new staff members?
You should conduct right to work checks on all potential employees. This means you should ask all people you are considering employing to provide you with their (original) documents.
Bank of England Interest Rate Increase
The Bank of England's decision to increase interest rates again, to the highest level since October 2008, comes as the central bank continues to grapple with inflationary pressures.
Corporation Tax Increases from 1st April 2023
The HMRC have increased Corporation Tax rates with effect from 1st April 2023. How does this affect you?
New VAT Penalties from 1st January 2023
HMRC have introduced a new VAT penalty system, which will be applicable to all VAT returns with an accounting period starting on or after 1st January 2023.